Investment Market Update
Asian stocks dropped on Wednesday as the positive sentiment at the start of the week faded on continuing global growth concerns.
US stocks closed mostly higher on Tuesday, led by the health care and utilities sectors, while the Dow Jones Industrial Average retreated as shares of Boeing Co. came under heavy pressure.
UK stocks edged higher ahead of Tuesday night’s parliamentary Brexit vote with the UK's leading shares modestly firmer.
- The UK economy grew by 0.2% in the three months to January, matching the growth of the previous three months. The report from the Office for National Statistics (ONS) showed a pick-up in activity in January when the economy expanded by 0.5%. The ONS said strength in IT, health services and wholesale trading offset falls in the manufacturing of metals and cars, and construction repair work.
- The European Union and India have banned the Boeing 737 Max from flying over their airspace to ensure passenger safety. They join a long list of countries in suspending the plane, including the UK.
|FTSE All Share||3,921.60||0.3%||6.7%||-13.0%|
|FTSE Small Cap||5,430.49||0.1%||4.9%||-12.4%|
|St. James's Place||1,017.50||1.8%||7.8%||-23.0%|
|Euro Stoxx 600||373.25||-0.1%||10.5%||-13.2%|
|Dow Jones Ind||25,554.66||-0.4%||9.5%||-5.6%|
|MSCI AC Asia Pacific||158.87||1.1%||8.3%||-15.6%|
|MSCI World (Developed)||2,083.38||0.4%||10.6%||-10.4%|
|MSCI AC World (Dev & Em)||502.99||0.5%||10.4%||-11.2%|
|MSCI Emerging Markets||1,051.52||1.0%||8.9%||-16.6%|
|MSCI AC World Value||211.39||0.5%||8.7%||-13.2%|
|MSCI AC World Growth||281.53||0.5%||12.1%||-9.2%|
|FTSE Gilts All Stocks||3,666.34||-0.1%||1.6%||0.8%|
|FTSE Index Linked All Stocks||665.26||0.4%||3.6%||-1.2%|
|ML Sterling Corporate Bonds||405.21||0.1%||3.5%||-2.4%|
|ML Global High Yield Bonds||385.17||0.3%||5.6%||-3.7%|
|Brent Crude Oil||66.67||0.1%||22.8%||-14.9%|
|Consumer Goods and Services||19,320.46||0.4%||10.7%||-21.0%|
|Oil & Gas||8,794.24||0.3%||3.9%||-7.4%|
|$ per £||1.31||0.6%||3.1%||-6.2%|
|€ per £||1.17||1.0%||5.0%||-1.3%|
|¥ per £||146.20||0.5%||4.6%||-8.3%|
|VIX Index (Volatility)||13.77||-3.9%||-45.8%||160.2%|
|Baltic Dry Index||647.00||0.3%||-49.1%||3.3%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.84%|
|Consumer Price Index||1.80%|
|Retail Price Index||2.50%|
|Yields / Ratios|
|FTSE 100 Adj P/E||14.57|
|FTSE All Share Adj P/E||14.62|
|FTSE All Share Yld||4.56%|
|15yr Gilt Yield||1.48%|
|10yr Gilt Yield||1.16%|
|10yr US Tres Yield||2.60%|
Market prices will reflect the last closing prices with the exception of the Asian markets which may be still trading at the time the data is obtained. The data for these markets is therefore a snapshot of live trading data obtained between 06.45 and 07.15 GMT. Growth is shown cumulative and is not annualised. A positive currency movement indicates the £ appreciating against the other currency. Performance data does not account for the re-investment of dividends. This information has been reproduced by kind permission of Bloomberg and does not necessarily reflect the opinions of St. James's Place Wealth Management. St. James's Place considers the information to be reliable but it is not intended to provide a sufficient basis on which to make an investment decision.
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Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.